Aramco boosts dividend as Q2 profit drops 38pc to $30.1bn To announce investments in China chemicals sector Published 15 Aug, 2023 06:30am
Markets Most Gulf markets track oil, Egypt gains DUBAI: Most stock markets in the Gulf ended lower on Monday, tracking a fall in oil and global shares, while the... Published 08 Aug, 2023 06:37am
Business & Finance Aramco locks up stake in China petrochemicals firm RIYADH: Saudi Aramco said on Friday it had completed its purchase of a 10-percent stake in a Chinese petrochemicals... Published 22 Jul, 2023 06:06am
Markets Aramco sees ‘sound’ oil outlook for H2 on China, India demand KUALA LUMPUR: Saudi Aramco believes market fundamentals remain “sound” for the second half as demand from... Published 03 Jul, 2023 06:04am
Markets Saudi Aramco sees ‘sound’ oil outlook for H2 on China, India demand KUALA LUMPUR: Saudi Aramco believes market fundamentals remain “sound” for the second half as demand from emerging... Published 26 Jun, 2023 06:44pm
World Aramco, TotalEnergies sign $11bn contract to build petrochemicals complex in Saudi Arabia Saudi Arabian Oil Company (Aramco) and TotalEnergies have signed an $11 billion contract to start building a new... Published 24 Jun, 2023 03:15pm
Business & Finance Aramco names presidents for upstream and downstream businesses DUBAI: Saudi Arabian oil giant Aramco on Thursday named Nasir al-Naimi and Mohammed Al Qahtani as presidents of its... Published 22 May, 2023 06:23am
Markets Asia Distillates: Gasoil margins halt gains; cash premiums firm on demand SINGAPORE: Asia’s 10 ppm sulphur gasoil margins fell after two days of gains, as a handful of market players... Published 19 May, 2023 06:17am
Business & Finance Aramco banks lower $31.9bn after drop in oil prices RIYADH: Oil giant Saudi Aramco announced first-quarter net profit of $31.9 billion on Tuesday, down 19.25 percent... Published 15 May, 2023 06:41am
Markets Saudi Arabia transfers more Aramco oil shares to wealth fund RIYADH: Saudi Arabia has put a second four-percent chunk of shares of the Aramco energy giant, worth tens of... Published 16 Apr, 2023 05:51pm
Markets Gasoline complex posts weekly loss of 15% NEW DELHI: Asia’s gasoline complex posted a weekly loss of over 15% even as strong pull from U.S. markets amid... Published 16 Apr, 2023 03:36am
Markets Asia’s gasoline markets climb NEW DELHI: Asia’s gasoline markets ended the truncated week with a 13% gain as active trading at the Singapore... Published 07 Apr, 2023 06:06am
Markets HSFO margins recover to nine-month highs SINGAPORE: Refining margins for high sulphur fuel oil (HSFO) rose to nine-month highs as of Tuesday, supported by... Published 29 Mar, 2023 06:27am
Business & Finance Aramco affirms support for China’s energy security RIYADH: Saudi Arabian oil giant Aramco affirmed on Sunday its support for China’s long-term energy security and... Published 27 Mar, 2023 06:15am
Business & Finance Aramco’s ‘record’ profit invites outraged response RIYADH: Saudi Aramco said on Sunday it achieved “record” profits totalling $161.1 billion last year, drawing an... Published 13 Mar, 2023 06:15am
Markets Saudi Arabia raises Arab Light crude price to Asia for 2nd month in April SINGAPORE: Top crude exporter Saudi Arabia raised prices for the flagship Arab light crude it sells to Asia for a... Published 06 Mar, 2023 10:47am
Markets China crude demand rising, but costly Saudi oil is less desirable: Russell LAUNCESTON: The surprise increase in the price of Saudi Arabian crude oil for March-loading cargoes is being viewed... Published 09 Feb, 2023 12:48pm
Markets Saudi Arabian shares drop on lower oil prices; Egypt rises DUBAI: Saudi Arabian stock market closed lower on Sunday, in response to fall in oil prices on Friday amid concern... Published 06 Feb, 2023 07:14am
Print Saudi Arabia links oil refinery’s setup with political consensus Saudi Minister of Investment had suggested that in order to develop across the board political consensus and ownership of the oil refinery project the matter may also be tabled before the Parliament Updated 03 Feb, 2023 09:20am
Opinion Energy sector reforms: Low-hanging fruit rotting – III The energy sector also requires a fast-track deregulation, which should have happened yesterday. It requires a... Updated 02 Feb, 2023 06:44am
Markets Saudi to invest $266bn in 'cleaner' energy: minister RIYADH: Saudi Arabia plans to invest more than $266 billion to produce cleaner electricity and expand its power ... Updated 30 Jan, 2023 11:11pm
Markets Gulf stocks slide on weaker oil and PMI data DUBAI: Major Gulf stock markets ended the New Year rally on Wednesday, with Saudi Arabia falling the most as worries... Published 05 Jan, 2023 05:58am
Markets Saudi Arabia lowers January Arab Light crude prices to Asia: Aramco Saudi Arabia lowered the January official selling prices (OSPs) for the flagship Arab light crude it sells to Asia... Published 05 Dec, 2022 06:59pm
Markets Saudi Exchange launches market-making framework to boost liquidity DUBAI: Saudi Arabia’s stock exchange said on Sunday it was launching a market-making framework for its stock and... Published 05 Dec, 2022 07:15am
Sports Aramco to sponsor cricket’s world body RIYADH: Saudi Arabian oil giant Aramco is to sponsor major events organised by cricket’s world governing body, the... Published 15 Oct, 2022 06:43am
Markets OPEC+ supply shortfall now stands at 3.5pc of global oil demand LONDON: OPEC+ is now producing below its targets by a record 3.58 million barrels per day - about 3.5% of global... Published 21 Sep, 2022 05:57am
Markets Aramco CEO says Europe’s energy crisis plans only short-term solution DUBAI: The head of Saudi state oil giant Aramco said on Tuesday Europe’s plans to cap energy bills for consumers and... Published 20 Sep, 2022 02:22pm
Markets Saudi crude prices to Asia may hit record highs in September SINGAPORE: Top oil exporter Saudi Arabia could raise September crude prices for customers in Asia for a third month... Published 28 Jul, 2022 04:28pm
Markets Most Gulf indexes drop ahead of US inflation data DUBAI: Most stock markets in the Gulf slipped into negative territory on Wednesday, as traders awaited US inflation... Published 14 Jul, 2022 05:00am
Markets Most Gulf bourses rebound but investors cautious on growth fears DUBAI: Stock markets in the Gulf ended higher on Tuesday, pausing for breath after a steep sell-off, but major... Published 22 Jun, 2022 05:58am